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Where COD orders make for 70% of ecommerce business orders, the average return rate for ecommerce business is up to 40% in some cases! This leads to operational and logistical losses in addition to loss of product on occasion! This is where our Mobile OTP verification for COD solution comes in!
Brands can brace themselves for order cancellations and returns while covering their logistical costs. The probability of cancellations or returns of fraudulent orders or non-serious buyers reduces by charging a small delivery fee.
COD comes with its own challenges, leaving sellers vulnerable to delivery cancellations, additional logistics costs, damages during delivery, returns and refund issues, fraud, cash flow, and other related issues.